UK Politics

This Budget wasn’t about the British people or ending austerity – it was about saving Philip Hammond’s career

When he began his Budget statement at 12.37pm today, Philip Hammond might well have been thinking about the old political maxim: your opponents are …

Brexit

You can cough up £40bn but we'll still veto a trade deal - Ireland's warning to Theresa May

The foreign minister said Ireland will block EU trade talks until May agrees to keep the open border<p>Theresa May has been warned paying a £40 billion …

Brexit

Gibraltar heading for​ abrupt exit from single market, says Spain

Source says Gibraltar would fall outside any Brexit transition deal unless UK agrees deal with Madrid over its future status<p>Gibraltar is heading for an abrupt exit from the single market without the benefit of any transition deal, according to senior Spanish government sources, who revealed that …

Brexit

Britain crashes out of world's top 5 economies

Britain has officially abandoned its claim to be the world's fifth largest economy.<p>Treasury chief Philip Hammond acknowledged the slide on Wednesday, noting the new ranking in a series of statements meant to highlight the economy's strength.<p>"Britain is the world's sixth largest economy," Hammond …

Economy

Theresa May narrowly avoids Brexit defeat as MP vote against keeping EU rights Charter... by 10 votes

Theresa May narrowly avoided a defeat over Brexit tonight as MPs voted to strip Britain out of a key EU human rights framework.<p>MPs blocked Labour's …

Brexit

Budget 2017: Hammond's Stamp Duty Cut Backfires As Watchdog Warns It Will Push Up House Prices

No new homes guaranteed either despite £44bn claim<p>PA Wire/PA Images<p>Philip Hammond’s Budget bid to woo younger voters with stamp duty cuts unravelled …

Philip Hammond

Philip Hammond causes chuckles in Commons with joke-filled Budget speech

Within half an hour of his Budget speech, Philip Hammond had made seven jokes.<p>The Chancellor appeared to enjoy making the announcements, peppering them with gags and even included Prime Minister Theresa May in one of his sketches.<p>In what appeared to be a pre-prepared stunt (if it wasn't, it seems …

Brexit

Winners and losers of Philip Hammond’s 2017 Budget

<b>Philip Hammond has announced his 2017 Budget, and while young people have been treated to a shiny new railcard – not everyone is happy.</b><p>The Chancellor …

Brexit

Where Brexit Hurts: The Nurses and Doctors Leaving London

LONDON — Tanja Pardela is leaving London. Her last day is Nov. 26. She wells up talking about it. She will miss jacket potatoes, and Sunday roasts, and her morning commute — past playing fields, small children in school uniforms and a red telephone box — to the hospital where she has been a …

Business

John McDonnell Follows Corbyn's Fiery Speech With Car-Crash Budget Interview

'I know the figure but I haven’t got it in front of me.'<p>Jeremy Corbyn’s response to the Autumn Budget was, in a word, loud.<p>The Labour leader won …

John McDonnell

Uber data breach “raises huge concerns”, says UK data watchdog

The fallout from Uber’s disclosure yesterday of a massive data breach affecting 57 million users and drivers that it concealed for a year continues: The UK’s data protection watchdog has put out a strongly worded statement saying the company’s announcement “raises huge concerns around its data …

Privacy

Whisper It...Maybe Tony Blair's Right About Brexit

News<p>They keep telling us 'Brexit means Brexit' but now we're starting to understand what Brexit really means...and it isn't good<p><i>This is the third</i> …

Brexit

UK universities 'face disaster within weeks' without clear Brexit plan

Warwick University vice-chancellor says certainty is needed over EU citizens’ rights to avoid exodus of staff at all levels<p>British universities face “a moment of great trauma” in the next few weeks unless the government makes clear its post-Brexit plans for EU residents in the UK, a leading …

Brexit

Irish minister floats Hong Kong-style deal for post-Brexit N.Ireland

Irish Foreign Minister Simon Coveney on Wednesday said the arrangement linking Hong Kong with China could be a possible solution for addressing the …

Brexit

The British Machine Is ‘Getting Its Act Together’ on Brexit

The chances of a Brexit breakthrough at a crunch summit in December are as high as 70 percent, according to an influential think tank, as Prime …

Brexit

The only women who won’t be adversely affected by the Budget are a select few pensioners

As was widely expected, this Budget is cautious and limited in scope. There are no grand gestures, no visionary schemes. There are small changes to a …

Theresa May

Wind 'blowing in right direction' for December Brexit progress

British and EU negotiators are moving closer to thrashing out a deal over the so-called ‘Brexit bill’ as optimism rises on both sides of a deal in December that will open the door to trade talks, senior EU and UK sources have both told The Telegraph.<p>While sources on both sides confirmed “we are not …

Brexit

'Metaphor For Brexit' Number 443: David Davis Trips Over On TV

Watch yet another symbolic representation of our historic mistake<p>Brexit: bad news for national unity, the future of the economy and our standing in …

Brexit

U.K. Bows to Worsening Economy, More Borrowing as Brexit Nears

U.K. Prime Minister Theresa May’s troubled government resigned itself to a deteriorating economic outlook as it committed 3 billion pounds ($4 …

Brexit

Hold the champagne, renters: Philip Hammond just made the housing crisis worse, again

Is... is that it?<p>This government’s housing policies have fallen into a depressingly predictable pattern over the past few years. A set piece …

Housing

OBR expects UK GDP growth of 1.4% in 2018: Philip Hammond

CNBC’s Joumanna Bercetche breaks down the key details from the U.K. government's latest budget announcement, with comment on Brexit, technology and …

Brexit

Philip Hammond just declared war on tech firms like Amazon and Apple that avoid UK tax

<b>The Treasury is cracking down on big tech firms like Amazon, Facebook, Google, and Apple that shift UK profits offshore to minimise their tax bills.</b><p><b>Chancellor Philip Hammond announced that the UK's tax authorities will now charge income tax on British earnings that are held offshore.</b><p><b>The changes</b> …

U.S. Politics

In The First Brexit Direct Hit, UK Carbon Traders Are Set To Lose £400m on 1st January

Since the UK voted to leave the European Union in June 2016, numerous indirect effects have been seen as a result of the uncertainty. The pound has fallen, skilled recruitment has dropped, companies have drawn up contingency plans to leave, and some businesses have already left.<p>But this week saw …

Brexit

Budget 2017: First Minister rubbishes claim of extra £2bn for Scotland

© UK Parliament/Jessica Taylor<p>Sign up to our <b>Daily</b> newsletter<p>The Chancellor of the Exchequer has delivered his Autumn Budget statement.<p>Philip Hammond …

Grenfell Tower

‘Aging millennials’ are a thing and Theresa May’s government just made a blatant appeal to them

The UK’s Conservative government announced a new budget today, confirming that it will extend the cutoff age for its young person’s discount railcard to 30, from 25. The change will offer 4.5 million more people a 33% discount on rail travel at non-peak times for a one-time fee of £30 ($40). By …

Theresa May

The slipping crown of Angela Merkel

<b>Ask a European about strong and stable leadership and, up until this week, they'd have pointed the finger at Germany.</b><p>A country proud of its post-war record of political stability and careful consensus-building.<p>Until, that is, Angela Merkel won the dubious honour of becoming the first German …

Brexit

UK budget to set out vision for post-Brexit Britain, says PM's spokesman

LONDON (Reuters) - British finance minister Philip Hammond told ministers that his budget, due to be announced later on Wednesday, will set out a vision for post-Brexit Britain, a spokesman for Prime Minister Theresa May told reporters.<p>"The chancellor (Hammond) said the budget would set out a …

Brexit

Jeremy Corbyn went ballistic at the Tories as he reacted to the Budget

<b>Labour leader Jeremy Corbyn launched into a furious attack on Tory MPs while calling for urgent social care funds.</b><p>His impassioned reaction came in …

Philip Hammond

Autumn Budget 2017 UK: How Twitter reacted to Philip Hammond's terrible jokes

Prepare to cringe...<p>It wouldn't be Budget day without a few jokes peppered in such a serious speech about spending.<p>And true to tradition, the …

Philip Hammond

Vladimir Putin says all big Russian businesses should be ready for war production

Russian business should be prepared to switch to production to military needs at any time, said Vladimir Putin on Wednesday. The Russian president …

Russia